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Nucor cuts merchant bar, structural prices

Keywords: Tags  Nucor, merchant bar, structural products, price change


NEW YORK — Nucor Corp. has lowered its base price on most merchant bar and structural products by $20 per ton ($1 per hundredweight) effective with May 2 shipments "due to market conditions," the Charlotte, N.C.-based steelmaker said in a May 2 letter to customers.

The adjusted base price "will serve to be our new transaction pricing for the month regardless of any change in the raw material surcharge," the company said.


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